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8 results for “Cut-off grade” in Markets
Markets · 18 August 2026
The Vault Beneath the City
…d for the better part of a century. What the audit gap produces instead is a durable, low-grade public suspicion that periodically flares into exactly the kind of domestic political pressure that drove Germany's repatriation, whether or not any underlying problem exists. · What c…
Ingrid Sørensen · 22 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…g financial stress rather than during price rallies. · Good delivery is a passport, not a grade A London Good Delivery bar is 350 to 430 ounces, at least 995 fine, from an accredited refiner, with a serial number and assay stamp. The specification matters less for its purity than…
Ingrid Sørensen · 15 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…fit (liquidity) and a risk (you lose the local hedge). · 0% VAT EU tax rate on investment-grade gold bars/coins 3-7% Typical dealer spread on a 1oz gold coin 0.25% Approximate annual cost of vault insurance and storage for large holdings T+0 Settlement speed for ETF shares on maj…
Ingrid Sørensen · 23 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…new deposit takes a decade or more from discovery to first pour, and an operating mine's grade is set by geology, not by ambition. The variable that actually flexes in the short run is recycling. When the price rises sharply, old jewellery comes out of drawers and into refinerie…
Ingrid Sørensen · 16 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
For half a century it was rational to store your gold in someone else's basement. Then the calculus of counterparty risk changed, and reserve managers started chartering aircraft. · Overseas custody w…
Ingrid Sørensen · 14 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
Governments report holding roughly 36,000 tonnes of gold — a figure quoted everywhere and verified almost nowhere. Between the published number and the physical bar sits a chain of certificates, custo…
Ingrid Sørensen · 22 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
For two decades the gold price could be read off an inflation-linked bond screen. Then, somewhere after 2022, the relationship stopped behaving — and the argument about why has become the most consequ…
Ingrid Sørensen · 25 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
For three decades official institutions were net sellers of bullion, and the policy consensus treated the metal as a museum piece. Then, quietly, the world's reserve managers reversed. The reasons are…
Ingrid Sørensen · 14 min read
